Commercial Property May Be Easier Than You Think | Key West ...

31 March 2012

Posted by Dennis under: Key West Commercial Real Estate .

One of the biggest concerns of people involved in commercial real estate is the rise and fall of interest rates. As interest rates move up and down unpredictably, investors leave themselves open to the chance that the rates may suddenly rise dramatically. Think about this when you are out shopping for a new property. Consider what your long-term options are.

If you are trying to choose between two good commercial properties, think big. Financing may be no more difficult for the large apartment building than the small one. Also, purchasing more units is like buying in bulk. The more you buy, the cheaper each unit will be.

Look for the biggest buildings within your price range when you?re considering commercial investments. If you are considering investing in a building that only has about five units, you need to realize that it will require the same amount of time and resources to manage fifty units as it does to manage five. That many units still need commercial financing like the larger ones do, and the larger ones generally cost less for every unit.

You should always remember that, when dealing with a new lease, one of the things that will effect the success of your investments the most are your rent rates and general strategies. Don?t enter into discussion with a possible renter without knowing your rental rate. This can help you keep targets and set a benchmark for your investment.

Clearly, investing in commercial real estate will not bring you money for nothing. It takes a lot of time and effort?not to mention a sizable down payment?to succeed in the commercial real estate market. Even if you do all that, you might still end up losing money.

For more information about Key West Commercial Real Estate contact Gary Smith at http://www.keywestlifestyle.com

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